Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-18

AMERICAN FINANCIAL GROUP INC (AFG)

CEO S. Craig Lindner was paid $11,148,296 in fiscal year 2025, ↓ down 3.4% from fiscal year 2024, the 38th percentile of its disclosed peer group (SEC filing 0001140361-26-013118 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$11,148,296 ↓
S. Craig Lindner total, FY2025
38th
CEO pay percentile vs peers
100:1
CEO-to-median pay ratio
96.55%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Carl Lindner III (Co-Chief Executive Officer (Co-Principal Executive Officer)), FY2025 total compensation $11,042,543 (base salary $1,250,000) [exec_comp, SEC accession 0001140361-26-013118, filed 2026-04-03]

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AFG's next annual pay disclosure, estimated April 2, 2027.est. Filing ↗

Page 2 of 35 of the AMERICAN FINANCIAL GROUP INC Executive Compensation Report, as it is delivered: Executive Summary.

That is page 2 of 35 of the full Executive Compensation Report, shown as it is delivered. The rest:

  1. Summary Compensation Table
  2. Equity transactions since the proxy statement
  3. Grants of plan-based awards
  4. Outstanding equity awards at fiscal year-end
  5. Incentive-plan design (CD&A)
  6. Say-on-pay
  7. CEO pay ratio
  8. Director compensation
  9. Board fee structure and ownership guideline
  10. Disclosed peer group
  11. Source register

Every figure above cites the filing it came from (accession 0001140361-26-013118, filed 2026-09-18) — see the source register, §11.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
S. Craig Lindner$1,250,000—$1,500,009—$6,454,770—$1,943,517$11,148,296
Co-Chief Executive Officer (Co-Principal Executive Officer)
Carl Lindner III1,250,00001,500,00906,454,77001,837,76411,042,543
Co-Chief Executive Officer (Co-Principal Executive Officer)
John Berding1,050,00001,175,04404,380,5280389,2296,994,801
President of AFG and American Money Management
David Thompson800,0000600,07701,041,9000219,1302,661,106
President and Chief Operating Officer of Great American Insurance Group
Brian Hertzman550,0000400,0510453,3900123,2101,526,651
Senior Vice President and Chief Financial Officer
Mark Weiss580,0000400,0510431,800095,4081,507,259
Senior Vice President and General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
S. Craig Lindner$11,148,296$11,545,807$9,914,566↓ −397,511
Carl Lindner III11,042,54311,570,0299,844,148↓ −527,486
John Berding6,994,8016,745,7277,310,492↑ +249,074
David Thompson2,661,1062,484,1782,007,027↑ +176,928
Brian Hertzman1,526,6511,479,4811,192,569↑ +47,170
Mark Weiss1,507,2591,445,2631,166,345↑ +61,996

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$11,148,296 S. Craig Lindner total, FY2025

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Data as of September 18, 2026 · Source: 0001140361-26-013118 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against AFG
17 companies name AFG as a compensation peer

Each company listed discloses AFG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AFG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Carl Lindner IIICEO$11,042,543
Brian HertzmanCFO$1,526,651
David ThompsonPresident$2,661,106
John BerdingPresident$6,994,801
Mark WeissGeneral Counsel$1,507,259
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Amy Y. MurrayIndependent Director$335,500
Evans N. NwankwoIndependent Director$323,000
Gregory G. JosephLead Independent Director$368,500
John I. Von LehmanIndependent Director$327,500
Mary Beth MartinIndependent Director$328,000
Roger K. NewportIndependent Director$335,500
William W. VerityIndependent Director$328,000
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Mary Beth MartinDirector2026-06-01A1,299$0$0CommonForm 4 ↗
Amy Y. MurrayDirector2026-06-01A1,29900CommonForm 4 ↗
Evans N. NwankwoDirector2026-06-01A1,29900CommonForm 4 ↗
John I. Von LehmanDirector2026-06-01A1,29900CommonForm 4 ↗
Gregory G. JosephDirector2026-06-01A1,29900CommonForm 4 ↗
William W. VerityDirector2026-06-01A1,29900CommonForm 4 ↗
Roger K. NewportDirector2026-06-01A1,29900CommonForm 4 ↗
David Lawrence Thompson JrDirector2026-06-23D11,3701351,535,496CommonForm 4 ↗
Michelle A. GillisSenior Vice President2026-06-24D2,247139312,333CommonForm 4 ↗
Mark WeissSr. VP & General Counsel2026-08-06D2,813145407,210CommonForm 4 ↗
Carl H. Lindner IIIDirector2026-08-24D8,6271451,248,009CommonForm 4 ↗
Carl H. Lindner IIIDirector2026-08-26D81,37314411,740,594CommonForm 4 ↗
Brian HertzmanSVP, CFO2026-09-02D950143135,727CommonForm 4 ↗
John I. Von LehmanDirector2026-09-14D1,279144183,971CommonForm 4 ↗
David Lawrence Thompson JrDirector2026-09-16A119,91400Common, indirectForm 4 ↗
David Lawrence Thompson JrDirector2026-09-16A30,36300CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mark WeissRSU2025-02-19——3,282—$400,051
David ThompsonRSU2025-02-19——4,923—600,077
S. Craig LindnerRSU2025-02-19——12,306—1,500,009
Brian HertzmanRSU2025-02-19——3,282—400,051
John BerdingRSU2025-02-19——9,640—1,175,044
Carl H. Lindner IIIRSU2025-02-19——12,306—1,500,009
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Weiss$400,051$0$00.0%
David Thompson600,077000.0%
S. Craig Lindner1,500,009000.0%
Brian Hertzman400,051000.0%
John Berding1,175,044000.0%
Carl H. Lindner III1,500,009000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John BerdingRSU17,114—$2,339,142
Mark WeissRSU1,419—193,949
David ThompsonRSU3,734—510,363
John BerdingRSU7,093—969,471
Lindner IIIRSU12,306—1,681,984
Lindner IIIRSU11,882—1,624,032
David ThompsonRSU4,923—672,876
Lindner IIIRSU11,349—1,551,181
Lindner IIIRSU11,200—1,530,816
John BerdingRSU9,640—1,317,595
Brian HertzmanRSU3,169—433,139
John BerdingRSU8,912—1,218,092
Brian HertzmanRSU2,390—326,665
John BerdingRSU8,512—1,163,420
Mark WeissRSU3,011—411,543
David ThompsonRSU4,753—649,640
David ThompsonRSU3,783—517,060
Brian HertzmanRSU3,282—448,584
Mark WeissRSU3,282—448,584
Brian HertzmanRSU2,422—331,039
Mark WeissRSU2,422—331,039
05

Incentive-plan design — the Compensation Discussion & Analysis

AFG's executive compensation philosophy balances attracting, motivating, retaining and rewarding executives with a compensation package competitive among its peers and maximizing shareholder value by designing and implementing programs that tie compensation earned to the short-term and long-term performance of the Company. A significant portion of each NEO's compensation is dependent upon the Company achieving business and financial goals, with a focus on objective measures of performance rather than subjective discretion.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPay Governance LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2069,738,2242,495,01392,30996.55%Passed
20252025-05-2268,693,0905,485,631108,85392.6%Passed
20242024-05-2371,269,6043,619,78975,62095.17%Passed
20232023-05-1770,834,5723,894,655184,12694.79%Passed
20222022-05-1869,936,8964,493,251138,74193.96%Passed
20212021-05-1970,134,6324,260,685189,30494.27%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2096.55%a
20252025-05-2292.6%b
20242024-05-2395.17%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not count as a vote for or against either of these proposals.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not count as a vote for or against any of these proposals.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not count as a vote for or against any of these proposals.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)100 : 1
CEO total compensation$11,042,543
Median employee compensation$110,944
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Gregory G. JosephIndependent · Lead Independent Director · Audit Committee (Chair)$198,500$170,000———$368,500
Roger K. NewportIndependent · Audit Committee165,500170,000———335,500
Amy Y. MurrayIndependent · Audit Committee · Compensation Committee165,500170,000———335,500
Mary Beth MartinIndependent · Compensation Committee (Chair) · Corporate Governance Committee158,000170,000———328,000
William W. VerityIndependent · Compensation Committee · Corporate Governance Committee (Chair)158,000170,000———328,000
John I. Von LehmanIndependent · Audit Committee · Corporate Governance Committee157,500170,000———327,500
Evans N. NwankwoIndependent · Corporate Governance Committee153,000170,000———323,000
John B. BerdingEmployee director—————0
Craig Lindner JrEmployee director000—00
S. Craig LindnerEmployee director—————0
David L. ThompsonEmployee director · Partial-year service—————0
Carl H. Lindner IIIEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$145,000
Annual equity retainer$170,000
Per board meeting fee$2,000
Committee chair fees (audit / comp / nom-gov)20,000 / 5,000 / 5,000
Stock ownership guideline$435,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,156,000
Equity awards (grant-date value)$1,190,000
All other compensation$0
Total cost of the board$2,346,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies AMERICAN FINANCIAL GROUP INC names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including AMERICAN FINANCIAL GROUP INC.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Chubb Limited2025Evan Greenberg$1,600,000$18,850,128$0—$33,180,582
2American International Group, Inc.2025Peter Zaffino1,500,00014,084,8554,374,99412,000,00032,460,049
3The Travelers Companies, Inc.2025Alan Schnitzer1,450,0009,417,3646,100,0569,000,00026,968,756
4Hartford Insurance Group, Inc.2025Christopher Swift1,200,00010,982,7903,412,5005,808,00022,114,212
5W. R. Berkley Corporation2025W. Robert Berkley, Jr.1,097,8003,850,038011,176,03016,823,866
6Assurant Inc.2025Keith Demmings1,200,0009,825,71203,576,00015,221,983
7Arch Capital Group Ltd.2025Nicolas Papadopoulo1,300,0005,520,5061,820,1865,200,00014,626,320
8Markel Corporation2025Thomas Gayner1,100,0009,226,08103,740,00014,124,065
9RenaissanceRe Holdings Ltd.2025Kevin O'Donnell1,270,0005,014,73205,118,75012,951,841
10CNA Financial Corp.2025Douglas Worman1,100,0004,999,97005,500,00012,619,149
11AMERICAN FINANCIAL GROUP INC2025S. Craig Lindner1,250,0001,500,009—6,454,77011,148,296
12The Hanover Insurance Group, Inc.2025John Roche1,138,4624,603,5571,400,0233,220,00010,486,571
13Axis Capital Holdings Limited2025Vincent Tizzio1,100,0005,299,64103,070,3759,642,025
14Horace Mann Educators Corp.2025Marita Zuraitis1,040,0003,328,000832,0003,139,5008,453,113
15Old Republic International Corporation2025Craig Smiddy990,3854,017,533972,8562,177,4608,238,993
16RLI Corp.2025Craig Kliethermes677,5960831,8056,075,3197,691,732
17Selective Insurance Group, Inc.2025John Marchioni1,050,0001,575,000095,9076,858,564
18ProAssurance Corporation2024Edward L. Rand, Jr.1,029,2312,593,35502,496,0006,226,834
19Cincinnati Financial Corporation2025Stephen Spray1,130,2501,768,2741,703,668681,4505,943,492
20Global Indemnity Group, LLC2025Joseph Brown1,000,0000494,50004,001,790
—Employers Holdings, Inc.——————not in coverage universe
—Safety Insurance Group, Inc.——————not in coverage universe
—Fairfax Financial Holdings Limited——————not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
AMERICAN FINANCIAL GROUP INCnot disclosednot disclosedNoPay Governance LLC
American International Group, Inc.not disclosedPSU 75 · Options 25NoPay Governance
Arch Capital Group Ltd.200%not disclosedNoPay Governance
Assurant Inc.149%PSU 75 · RSU 25Yes — TSR relative to the S&P 500 IndexPearl Meyer
Axis Capital Holdings Limited159.5%PSU 60 · RSU 40NoFrederick W. Cook & Co.
Chubb Limitednot disclosedPSU 100NoFarient Advisors LLC
Cincinnati Financial Corporation30%Options 50 · PSU 50Nonot disclosed
CNA Financial Corp.not disclosedPSU 100not disclosedWillis Towers Watson
Employers Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Fairfax Financial Holdings Limitednot disclosednot disclosednot disclosednot disclosed
Global Indemnity Group, LLC76%not disclosedNonot disclosed
Hartford Insurance Group, Inc.176%not disclosedYes — Peer-relative TSRCompensation Advisory Partners, LLP (CAP)
Horace Mann Educators Corp.not disclosedPSU 60 · Options 20 · RSU 20Yes — TSRCompensation Advisory Partners LLC (CAP)
Markel Corporationnot disclosednot disclosedNoCAP
Old Republic International Corporationnot disclosednot disclosedNoFredrick W. Cook & Co., Inc.
ProAssurance Corporation200%PSU 50 · RSU 50NoF.W. Cook
RenaissanceRe Holdings Ltd.175%not disclosedNoMercer (U.S.) Inc.
RLI Corp.not disclosedOption 100not disclosedLockton Financial Advisors, LLC
Safety Insurance Group, Inc.not disclosednot disclosednot disclosednot disclosed
Selective Insurance Group, Inc.150.0%RSU 75 · Cash LTI 25Yes — Cumulative TSR over the three-year performance periodExequity LLP
The Hanover Insurance Group, Inc.140%PSU 50 · RSU 25 · Options 25NoCompensation Advisory Partners LLC
The Travelers Companies, Inc.not disclosedPSU 60 · Option 40NoFW Cook
W. R. Berkley Corporationnot disclosedPSU 100NoMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at AMERICAN FINANCIAL GROUP INC in fiscal 2025?
As disclosed, S. Craig Lindner (Co-Chief Executive Officer (Co-Principal Executive Officer)) was the highest-paid executive at AMERICAN FINANCIAL GROUP INC in fiscal 2025, with total compensation of $11,148,296.
How does AMERICAN FINANCIAL GROUP INC's chief executive pay compare to its disclosed peer group?
As disclosed, S. Craig Lindner's total compensation ranked at the 38th percentile of AMERICAN FINANCIAL GROUP INC's disclosed peer group.
What is AMERICAN FINANCIAL GROUP INC's CEO-to-median employee pay ratio?
As disclosed, AMERICAN FINANCIAL GROUP INC's CEO-to-median employee pay ratio was 100:1.
How did shareholders vote on AMERICAN FINANCIAL GROUP INC's executive compensation?
As disclosed, 96.55% of shareholders supported AMERICAN FINANCIAL GROUP INC's executive compensation in the latest say-on-pay vote.
How much does AMERICAN FINANCIAL GROUP INC spend in total on board compensation for fiscal 2025?
As disclosed, AMERICAN FINANCIAL GROUP INC reported total board compensation of $2,346,000 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, S. Craig LindnerDEF 14A2026-04-030001140361-26-013118Section “Summary Compensation Table”. As printed: 11,148,296. Filing ↗
2Section 01, Carl Lindner IIIDEF 14A2026-04-030001140361-26-013118Section “Summary Compensation Table”. As printed: 11,042,543. Filing ↗machine: r2 · c19 · span 956069–956079
3Section 01, John BerdingDEF 14A2026-04-030001140361-26-013118Section “Summary Compensation Table”. As printed: 6,994,801. Filing ↗machine: r8 · c19 · span 976035–976044
4Section 01, David ThompsonDEF 14A2026-04-030001140361-26-013118Section “Summary Compensation Table”. As printed: 2,661,106. Filing ↗machine: r14 · c19 · span 996534–996543
5Section 01, Brian HertzmanDEF 14A2026-04-030001140361-26-013118Section “Summary Compensation Table”. As printed: 1,526,651. Filing ↗machine: r11 · c19 · span 985938–985947
6Section 01, Mark WeissDEF 14A2026-04-030001140361-26-013118Section “Summary Compensation Table”. As printed: 1,507,259. Filing ↗machine: r17 · c19 · span 1006647–1006656
7Section 03, Mark Weiss RSUDEF 14A2026-04-030001140361-26-013118Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t217 · r15 · c22 · span 1121519–1121526
8Section 03, David Thompson RSUDEF 14A2026-04-030001140361-26-013118Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t217 · r14 · c16 · span 1115924–1115929
9Section 03, S. Craig Lindner RSUDEF 14A2026-04-030001140361-26-013118Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t217 · r6 · c16 · span 1084291–1084297
10Section 03, Brian Hertzman RSUDEF 14A2026-04-030001140361-26-013118Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t217 · r12 · c16 · span 1107807–1107812
11Section 03, John Berding RSUDEF 14A2026-04-030001140361-26-013118Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t217 · r9 · c16 · span 1096477–1096482
12Section 03, Carl H. Lindner III RSUDEF 14A2026-04-030001140361-26-013118Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t217 · r3 · c22 · span 1073957–1073966
13Section 07, pay ratioDEF 14A2026-04-030001140361-26-013118Section “CEO Pay Ratio”. As printed: 100 : 1. Filing ↗
14Section 08, Gregory G. JosephDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 368,500. Filing ↗machine: span 1321561–1321740
15Section 08, Roger K. NewportDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 335,500. Filing ↗machine: span 1327729–1327908
16Section 08, Amy Y. MurrayDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 335,500. Filing ↗machine: span 1325582–1325761
17Section 08, Mary Beth MartinDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 328,000. Filing ↗machine: span 1323708–1323887
18Section 08, William W. VerityDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 328,000. Filing ↗machine: span 1331754–1331933
19Section 08, John I. Von LehmanDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 327,500. Filing ↗machine: span 1333537–1333715
20Section 08, Evans N. NwankwoDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 323,000. Filing ↗machine: span 1329606–1329785
21Section 08, John B. BerdingDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Craig Lindner JrDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, S. Craig LindnerDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, David L. ThompsonDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Carl H. Lindner IIIDEF 14A2026-04-030001140361-26-013118Section “Director Compensation”. As printed: 0. Filing ↗
26Section 02, Mary Beth Martin 2026-06-01Form 42026-06-020001769239-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Amy Y. Murray 2026-06-01Form 42026-06-020001891334-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Evans N. Nwankwo 2026-06-01Form 42026-06-020001835316-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, John I. Von Lehman 2026-06-01Form 42026-06-020001105805-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Gregory G. Joseph 2026-06-01Form 42026-06-020001223369-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, William W. Verity 2026-06-01Form 42026-06-020001185857-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Roger K. Newport 2026-06-01Form 42026-06-020001298509-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, David Lawrence Thompson Jr 2026-06-23Form 42026-06-240001910023-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Michelle A. Gillis 2026-06-24Form 42026-06-250001193125-26-282863Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Mark Weiss 2026-08-06Form 42026-08-070001193125-26-340350Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Carl H. Lindner III 2026-08-24Form 42026-08-260001193125-26-368711Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Carl H. Lindner III 2026-08-26Form 42026-08-260001193125-26-368711Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Brian Hertzman 2026-09-02Form 42026-09-020001193125-26-380354Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, John I. Von Lehman 2026-09-14Form 42026-09-140001193125-26-390735Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, David Lawrence Thompson Jr 2026-09-16Form 42026-09-180001193125-26-395612Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, David Lawrence Thompson Jr 2026-09-16Form 42026-09-180001193125-26-395612Insider equity transaction reported since the proxy statement. Filing ↗
42Section 06, 2026 voteForm 8-K2026-05-210001140361-26-022469Item 5.07 · say-on-pay result. As reported: 96.55% (votes for as printed: 69,738,224). Filing ↗
43Section 06, 2025 voteForm 8-K2025-05-230001140361-25-020332Item 5.07 · say-on-pay result. As reported: 92.6% (votes for as printed: 68,693,090). Filing ↗
44Section 06, 2024 voteForm 8-K2024-05-240001140361-24-027426Item 5.07 · say-on-pay result. As reported: 95.17% (votes for as printed: 71,269,604). Filing ↗
45Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
46Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
47Section 09b board cost (computed)Computed——Cash 1,156,000 + equity 1,190,000 + all other 0 = 2,346,000, summed across the director compensation table rows.machine: formula: Σ = 2,346,000
48Chubb Limited, Section 10b CEO totalDEF 14A2026-04-030001104659-26-039513CEO total compensation as printed in Chubb Limited's own proxy. As printed: 33,180,582. Filing ↗machine: span 1543364–1543374
49American International Group, Inc., Section 10b CEO totalDEF 14A2026-03-310000005272-26-000039CEO total compensation as printed in American International Group, Inc.'s own proxy. As printed: 32,460,049. Filing ↗machine: r4 · c27 · span 1530030–1530040
50The Travelers Companies, Inc., Section 10b CEO totalDEF 14A2026-04-070000086312-26-000103CEO total compensation as printed in The Travelers Companies, Inc.'s own proxy. As printed: 26,968,756. Filing ↗machine: r2 · c9 · span 2959229–2959239
51Hartford Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-04-090000874766-26-000025CEO total compensation as printed in Hartford Insurance Group, Inc.'s own proxy. As printed: 22,114,212. Filing ↗machine: r2 · c51 · span 1020351–1020361
52W. R. Berkley Corporation, Section 10b CEO totalDEF 14A2026-04-220001193125-26-170583CEO total compensation as printed in W. R. Berkley Corporation's own proxy. As printed: 16,823,866. Filing ↗machine: t411 · r4 · c21 · span 915307–915317
53Assurant Inc., Section 10b CEO totalDEF 14A2026-04-060001267238-26-000018CEO total compensation as printed in Assurant Inc.'s own proxy. As printed: 15,221,983. Filing ↗machine: r4 · c30 · span 1098130–1098140
54Arch Capital Group Ltd., Section 10b CEO totalDEF 14A2026-03-240000947484-26-000038CEO total compensation as printed in Arch Capital Group Ltd.'s own proxy. As printed: 14,626,320. Filing ↗machine: r2 · c13 · span 2735621–2735631
55Markel Corporation, Section 10b CEO totalDEF 14A2026-04-020001096343-26-000033CEO total compensation as printed in Markel Corporation's own proxy. As printed: 14,124,065. Filing ↗machine: r2 · c45 · span 566440–566451
56RenaissanceRe Holdings Ltd., Section 10b CEO totalDEF 14A2026-03-180000913144-26-000060CEO total compensation as printed in RenaissanceRe Holdings Ltd.'s own proxy. As printed: 12,951,841. Filing ↗machine: r3 · c7 · span 1829363–1829373
57CNA Financial Corp., Section 10b CEO totalDEF 14A2026-03-200001104659-26-032500CEO total compensation as printed in CNA Financial Corp.'s own proxy. As printed: 12,619,149. Filing ↗machine: span 576701–576711
58AMERICAN FINANCIAL GROUP INC (subject), Section 10b CEO totalDEF 14A2026-04-030001140361-26-013118CEO total compensation as printed in AMERICAN FINANCIAL GROUP INC's own proxy. As printed: 11,148,296. Filing ↗
59The Hanover Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-125009CEO total compensation as printed in The Hanover Insurance Group, Inc.'s own proxy. As printed: 10,486,571. Filing ↗machine: t68 · r4 · c7 · span 1352246–1352256
60Axis Capital Holdings Limited, Section 10b CEO totalDEF 14A2026-04-020001214816-26-000149CEO total compensation as printed in Axis Capital Holdings Limited's own proxy. As printed: 9,642,025. Filing ↗machine: t201 · r4 · c7 · span 1076146–1076155
61Horace Mann Educators Corp., Section 10b CEO totalDEF 14A2026-04-060000850141-26-000014CEO total compensation as printed in Horace Mann Educators Corp.'s own proxy. As printed: 8,453,113. Filing ↗machine: r2 · c24 · span 614401–614410
62Old Republic International Corporation, Section 10b CEO totalDEF 14A2026-03-310001140361-26-012317CEO total compensation as printed in Old Republic International Corporation's own proxy. As printed: 8,238,993. Filing ↗machine: r4 · c28 · span 905309–905319
63RLI Corp., Section 10b CEO totalDEF 14A2026-03-260001104659-26-035213CEO total compensation as printed in RLI Corp.'s own proxy. As printed: 7,691,732. Filing ↗machine: r9 · c18 · span 1221310–1221319
64Selective Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-260001104659-26-034953CEO total compensation as printed in Selective Insurance Group, Inc.'s own proxy. As printed: 6,858,564. Filing ↗machine: span 752843–752852
65ProAssurance Corporation, Section 10b CEO totalDEF 14A2025-04-110001875246-25-000023CEO total compensation as printed in ProAssurance Corporation's own proxy. As printed: 6,226,834. Filing ↗machine: t35 · r3 · c9 · span 415811–415820
66Cincinnati Financial Corporation, Section 10b CEO totalDEF 14A2026-03-180000020286-26-000015CEO total compensation as printed in Cincinnati Financial Corporation's own proxy. As printed: 5,943,492. Filing ↗machine: t3 · r2 · c13 · span 164603–164612
67Global Indemnity Group, LLC, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191942CEO total compensation as printed in Global Indemnity Group, LLC's own proxy. As printed: 4,001,790. Filing ↗machine: r2 · c38 · span 274562–274571
68Section 10a, Arch Capital Group Ltd. reciprocityDEF 14A—0000947484-26-000038Arch Capital Group Ltd. names AMERICAN FINANCIAL GROUP INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, RLI Corp. reciprocityDEF 14A—0001104659-26-035213RLI Corp.'s most recent proxy was read; its disclosed peer group does not include AMERICAN FINANCIAL GROUP INC. Filing ↗
70Section 10a, ProAssurance Corporation reciprocityDEF 14A—0001875246-25-000023ProAssurance Corporation's most recent proxy was read; its disclosed peer group does not include AMERICAN FINANCIAL GROUP INC. Filing ↗
71Section 10a, Assurant Inc. reciprocityDEF 14A—0001267238-26-000018Assurant Inc. names AMERICAN FINANCIAL GROUP INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, The Hanover Insurance Group, Inc. reciprocityDEF 14A—0001193125-26-125009The Hanover Insurance Group, Inc. names AMERICAN FINANCIAL GROUP INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
73Section 10a, Chubb Limited reciprocityDEF 14A—0001104659-26-039513Chubb Limited's most recent proxy was read; its disclosed peer group does not include AMERICAN FINANCIAL GROUP INC. Filing ↗
74Section 10a, RenaissanceRe Holdings Ltd. reciprocityDEF 14A—0000913144-26-000060RenaissanceRe Holdings Ltd. names AMERICAN FINANCIAL GROUP INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, W. R. Berkley Corporation reciprocityDEF 14A—0001193125-26-170583W. R. Berkley Corporation names AMERICAN FINANCIAL GROUP INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
76Section 10a, Global Indemnity Group, LLC reciprocityDEF 14A—0001193125-26-191942Global Indemnity Group, LLC's most recent proxy was read; its disclosed peer group does not include AMERICAN FINANCIAL GROUP INC. Filing ↗
77Section 10a, Horace Mann Educators Corp. reciprocityDEF 14A—0000850141-26-000014Horace Mann Educators Corp.'s most recent proxy was read; its disclosed peer group does not include AMERICAN FINANCIAL GROUP INC. Filing ↗
78Section 10a, CNA Financial Corp. reciprocityDEF 14A—0001104659-26-032500CNA Financial Corp. names AMERICAN FINANCIAL GROUP INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
79Section 10a, The Travelers Companies, Inc. reciprocityDEF 14A—0000086312-26-000103The Travelers Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include AMERICAN FINANCIAL GROUP INC. Filing ↗
80Section 10a, American International Group, Inc. reciprocityDEF 14A—0000005272-26-000039American International Group, Inc.'s most recent proxy was read; its disclosed peer group does not include AMERICAN FINANCIAL GROUP INC. Filing ↗
81Section 10a, Old Republic International Corporation reciprocityDEF 14A—0001140361-26-012317Old Republic International Corporation names AMERICAN FINANCIAL GROUP INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
82Section 10a, Cincinnati Financial Corporation reciprocityDEF 14A—0000020286-26-000015Cincinnati Financial Corporation's most recent proxy was read; its disclosed peer group does not include AMERICAN FINANCIAL GROUP INC. Filing ↗

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